A warranty management system is a software solution designed to help companies manage the entire warranty process, from tracking and registering warranties to managing claims and providing analytics. In addition, it helps to automate the tracking process and manages warranties of the products. Furthermore, warranty management software offers business users complete information about product quality, warranty claims data, and supplier recovery, i.e., returning expenses and returning damaged products to suppliers. The key features of the software include parts, contracts, returns, and claims management. The latest warranty management software comes with business intelligence features that can diagnose and avert warranty fraud. Thus, by using warranty management software, stakeholders comprising service providers, suppliers, end users, and manufacturers can cooperate to improve product quality, improve customer experience, and reduce warranty expenditures.
Furthermore, with increasing competition in the global market, manufacturers are striving to differentiate their products by offering better after-sales services. This includes providing extended warranty periods, faster claims processing, and better customer support. As a result, manufacturers are heavily investing in warranty management systems to streamline their after-sales service operations and improve customer satisfaction, which leads to the growth of the market. Moreover, surge in adoption of cloud-based solutions has a significant impact on the warranty management system market. With more companies opting for cloud-based solutions, there has been an increase in the demand for warranty management systems that can be accessed and managed from anywhere, anytime, and through any device with internet connection. This has led to increase in adoption of cloud-based warranty management solutions, thereby driving the growth of the warranty management system market. However, resistance to change limits the adoption of new technologies, which affects the growth of the market. In addition, lack of awareness for the warranty management system due to lack of marketing and promotion of these systems acts as the key deterrent factor of the global market. On the contrary, as companies continue to invest in the development of new products, the need for an efficient and effective warranty management system becomes increasingly important. Thus, the emergence of new technologies is expected to present lucrative opportunities for the expansion of the global warranty management system market in the upcoming years.
The global warranty management system market is segmented into component, deployment mode, industry vertical, and region. Depending on component, it is bifurcated into software and service. By deployment mode, it is segregated into on-premise and cloud. On the basis of industry vertical, it is fragmented into manufacturing, automotive, healthcare, supply chain & logistics, food & beverages, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the warranty management system market such as IBM Corporation, IFS, Mize, Oracle Corporation, Pegasystems Inc., PTC, Salesforce, SAP, Tavant, and Wipro Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the warranty management system industry.

KEY BENEFITS FOR STAKEHOLDERS
?This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the warranty management system market analysis from 2022 to 2032 to identify the prevailing warranty management system market opportunities.
?The market research is offered along with information related to key drivers, restraints, and opportunities.
?Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
?In-depth analysis of the warranty management system market segmentation assists to determine the prevailing market opportunities.
?Major countries in each region are mapped according to their revenue contribution to the global market.
?Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
?The report includes the analysis of the regional as well as global warranty management system market trends, key players, market segments, application areas, and market growth strategies.

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KEY MARKET SEGMENTS
By Industry Vertical
? Manufacturing
? Automotive
? Healthcare
? Supply Chain and Logistics
? Food and Beverages
? Others
By Component
? Software
? Service
By Deployment Mode
? On-premise
? Cloud

By Region
? North America
? U.S.
? Canada
? Europe
? UK
? Germany
? France
? Italy
? Spain
? Rest of Europe
? Asia-Pacific
? China
? Japan
? India
? Australia
? South Korea
? Rest of Asia-Pacific
? LAMEA
? Latin America
? Middle East
? Africa
? Key Market Players
? Tavant
? SAP
? Oracle Corporation
? IBM CORPORATION
? Mize
? IFS
? PTC
? Pegasystems Inc.
? Wipro Limited
? Salesforce